Treasury and Fund Structure 

Over the past four years, the treasury has accumulated millions of dollars in tokens through various ecosystem revenue streams, including: 

• 0.05% fee from Katana DEX trades, 
• 0.5% commission from Ronin Market trading volume, 
• 30% share from Ronin Name Service (RNS) registration and renewal fees, 
• Gas fees generating approximately 3 million RON annually. 

As of now, the treasury holds around $5 million in assets, with only 12% in RON or wRON. The new buyback program will significantly increase the treasury’s RON holdings. 

Importance of the RON Buyback Program 

The planned buybacks will not only balance the token economy but also reduce circulating supply, creating a deflationary effect. This move is expected to support RON’s value for long-term investors and Web3 users alike. 

Additionally, the program sends a strong signal regarding Ronin’s future Layer-2 transition on Ethereum. The team emphasizes confidence in RON’s future and their growth-oriented strategy. 

Ecosystem and Market Impact 

Throughout the buyback process, all transactions will be executed on-chain through third-party market makers. This approach ensures transparency and adds new transaction fees to the ecosystem. 

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A token unlock is the process of releasing tokens that have been locked for a certain period in a project. This is usually applied to early investors, team members, or community incentives. Token unlocks can affect the supply-demand balance and may lead to price fluctuations. Therefore, investors should monitor these events to plan their strategies. 

September 1, Monday 

• SUI (Sui): Approximately $146 million worth, around 44.5 million SUI tokens will be unlocked. This accounts for 0.44% of the total supply. 
• BONK (Bonk): Approximately $11 million worth, around 504 billion BONK tokens will be unlocked. This accounts for 0.57% of the total supply. 
• DYDX: Two separate unlocks worth approximately $2.54 million (0.59%) and $2.78 million (0.59%) will take place. 

September 2, Tuesday 

• ENA (Ethena): Approximately $61 million worth, around 94 million ENA tokens will be unlocked. This accounts for 0.63% of the total supply. 
• September 3, Wednesday 
• IOTA (IOTA): Two separate unlocks worth approximately $2.92 million (0.42%) and $4.58 million (0.60%) will take place. 

September 5, Friday 

ENA (Ethena): Approximately $112 million worth, around 172 million ENA tokens will be unlocked. This accounts for 1.15% of the total supply. 

IMX (Immutable X): Approximately $14 million worth, around 27 million IMX tokens will be unlocked. This accounts for 1.37% of the total supply. 

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Weekly Token Unlocks (August 5–9) 

August 5, Tuesday 

• ENA: 172 million ENA tokens (approximately $102 million) will be released into the market. This corresponds to 1.15% of the total supply and stands out as the largest unlock of the week. 
• SPEC: About 2.36 million SPEC tokens (worth $1.37 million) will be unlocked. This amounts to 12.42% of the circulating supply. 

August 6, Wednesday — MAVIA & GFAL 

• MAVIA: Approximately 5.55 million tokens (worth $878k) will be unlocked. This is 10.75% of the circulating supply. 
• GFAL: 16.67 million GFAL tokens (about $71k) will be unlocked, representing 0.32% of the circulating supply. 

August 7, Thursday — HFT 

Around 8.04 million HFT tokens (worth $544k) will be released, equal to 1.36% of the circulating supply. 

August 8, Friday — IMX, DEVVE & ACS 

• IMX: Approximately 27 million tokens valued at $13.5 million will be unlocked, making up 1.37% of the total supply. 
• DEVVE: 0.83 million DEVVE tokens ($419k) will be unlocked, representing 0.95% of the circulating supply. 
• ACS: About 274.85 million ACS tokens ($314k) will be released, which is 0.65% of the circulating supply. 

August 9, Saturday — MOVE & APE 

• MOVE: 51 million tokens (around $6.5 million) will be unlocked, equaling 0.51% of the total supply. 
• APE: 15.6 million tokens (approximately $28 million) will be unlocked. These distributions will come from investors and ecosystem funds. 

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The post $160M+ Token Unlocks Impact 6 Altcoins This Week appeared first on Coin Engineer.

Oil Prices Surge: Inflation Concerns Mount 

News of the strikes quickly pushed crude oil prices up. WTI crude oil prices jumped over 13%, reaching $77 per barrel. Brent crude, meanwhile, traded between $74 and $77. Investors adjusted their positions against the possibility of Iran disrupting regional oil supply, creating upward pressure on energy prices. JPMorgan analysts warn that if war risks persist, oil prices could climb to $120. This potential increase could reignite energy-driven inflation pressures in many countries, especially the U.S. 

Gold Breaks Records 

Investors flocked to gold in search of safety. Spot gold gained $24 per ounce in early Asian trading, climbing above $3,410. This brought it to its highest levels in recent years. Gold’s sharp rally clearly indicates investors are turning to safe havens in uncertain times. The U.S. Dollar Index (DXY) continues to fluctuate based on global risk appetite and Fed policies. Furthermore, a weakening dollar acts as a positive catalyst for XAUUSD. In summary, with the intensification of conflicts in the Middle East, XAUUSD crossed the critical threshold of $2,000, entering a lasting upward trend. Since the conflict began, gold has been investors’ top choice for hedging against uncertainty and risk. Every new tension headline creates upward pressure on gold prices. 

Bitcoin Loses Value: Digital Gold Debate Reignites 

In contrast to gold’s sharp rise, Bitcoin’s price fell below $104,500. Bitcoin critic Peter Schiff called this “proof that Bitcoin is not digital gold.” According to Schiff, Bitcoin can’t gain value against gold and is trading more than 15% below its November 2021 peak. 

Peter Schiff: “In response to Israel’s airstrike on Iran, the market pushed gold up another $24 in early Asian trading, reaching over $3,410. Bitcoin, on the other hand, fell below $104,500. Bitcoin priced in gold is now more than 15% below its November 2021 peak. Bitcoin’s inability to rise against gold is strong evidence that the bubble has topped.” 

U.S. Economy: Inflation and Fed’s Rate Decision Under Scrutiny 

Rising oil prices mean inflationary pressures for the U.S. economy. JPMorgan stated that increasing energy costs could push U.S. CPI data up to 5%. This implies the Fed might delay its planned interest rate cuts. Therefore, investors are closely monitoring developments in the Middle East and the U.S. inflation data to be released this week. 

Upcoming data and regional developments will determine market direction in the coming days. 

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You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The lower-than-expected unemployment claims indicate that the U.S. labor market is continuing to improve, which could lead to short-term bullish movements in major cryptocurrencies such as Bitcoin and Ethereum. Crypto investors may expect that economic stability will boost risk appetite and drive more interest in cryptocurrencies.

In the crypto market, the positive impact of the unemployment claims could result in upward price movements in Bitcoin and Ethereum. However, investors should remain cautious, as cryptocurrency markets are inherently volatile and subject to significant fluctuations.

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The post U.S. Unemployment Claims Released! appeared first on Coin Engineer.

Key Details of the Transfer

According to Arkham Intelligence, the transferred Bitcoin was split across two addresses: A portion of 1,427.9 BTC was routed through multiple wallets and ultimately reached a wallet beginning with “1DeY”. Meanwhile, 191.7 BTC and another 108 BTC moved through various addresses before accumulating in a wallet starting with “1KLr”, which now holds a total of 300 BTC.

This activity follows a similar transfer on December 5, when Mt. Gox moved 24,000 BTC (worth $2.5 billion at the time) to an unknown address, just as Bitcoin crossed the $100,000 threshold for the first time.

Bitcoin Holdings and Creditor Payments

Arkham Intelligence data reveals Mt. Gox still holds 36,085 BTC, valued at approximately $3.86 billion at current prices. Mt. Gox creditors are eligible to receive their repayments in Bitcoin, but the repayment deadline was extended in October 2023 to October 31, 2025. The delay stems from many creditors failing to complete the necessary repayment procedures.

Market Impact

Historically, large transfers from Mt. Gox wallets trigger concerns of selling pressure in the market. However, this latest movement had no apparent effect on Bitcoin’s price.

As of December 16, Bitcoin remained stable around $106,500, briefly reaching a new peak of $107,857. Despite its collapse in 2014, Mt. Gox still holds significant Bitcoin reserves, and any movement of these funds remains closely watched by market participants.

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Popular crypto portfolio tracking app CoinStats has reported a security breach. The breach impacted wallets created directly within the CoinStats app, and some iOS users received phishing notifications.

According to the company, approximately 1.3% of CoinStats wallets were affected, representing a total of 1,590 wallets. Users are being asked to immediately use their exported private keys to transfer funds as a precaution.

It May Attract Your Attention: FTX Has Made a New Altcoin Transfer

In the hack incident, a wallet belonging to Blurr.eth was compromised. The hacker managed to steal 3,657 MKR worth $8.7 million and sold it for 2,482 ETH on-chain.

-This theft had a significant impact on the market and caused the price of the MKR altcoin to drop from $2.462 to $2.280, representing a 7% drop in the short term.

Despite the partial recovery following the sudden drop, the MKR price has not been able to reach its pre-hack level. At the time of writing, the MKR price is trading at $2.390.

The post Another Crypto Platform Suffers Hack, Altcoin Price Plummets appeared first on Coin Engineer.